ESOP · DOL Form 5500 · 2023

Nec, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
14
Participants Small participant base
43rd
Percentile by assets National rank
$342,596
Avg per participant High balance/head
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Official DOL plan name: Nec. Inc. Employee Stock Ownership Plan · Sponsored by Nec, Inc. · Iowa · Construction

$5M in assets, 14 participants

Nec, Inc.'s Nec. Inc. Employee Stock Ownership Plan reported $5M in total assets and 14 participants in its 2023 DOL Form 5500 filing, ranking in the 43rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,758 in Construction (9,030 peers)

Nec, Inc. multi-year trail

Nec, Inc.'s plans moved +80.3% in assets from 2022 to 2024; this filing shows Nec. Inc. Employee Stock Ownership Plan at $5M / 14 participants.

#3,758
in Construction (9,030 peers)
+19.6%
assets growth YoY

Nec. Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Nec. Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,796,350 43rd percentile higher than 43% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Nec. Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nec. Inc. Employee Stock Ownership Plan is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nec. Inc. Employee Stock Ownership Plan reported net income rose from $398K in the plan year 2022 filing to $862K in the plan year 2023 filing.
  • Nec. Inc. Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Nec. Inc. Employee Stock Ownership Plan reported participants rose from 13 in the plan year 2022 filing to 14 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 420938336 · Nec, Inc. PY 2023 · ESOP

Nec. Inc. Employee Stock Ownership Plan · $5M · 14 · 43rd

  • EOY $5M
  • EOY 14
  • EOY 43rd
  • EOY ESOP
  • EOY near Moscow Bancshares, Inc. Employee Stock Ownership Plan
  • EOY ind #3758

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Iowa →

Nec. Inc. Employee Stock Ownership Plan in the asset neighbourhood

Nec. Inc. Employee Stock Ownership PlanNec. Inc. Employee Stock Own…$5MMoscow Bancshares, Inc. Employee Stock Ownership PlanMoscow Bancshares, Inc. Empl…$5MFeather & Fur Animal Hospital, Inc. ESOPFeather & Fur Animal Hospita…$5MSouthwest Security, Inc. Employee Stock Ownership PlanSouthwest Security, Inc. Emp…$5MArtiflex Manufacturing, Inc. Employee Stock Ownership PlanArtiflex Manufacturing, Inc.…$5M
End-of-year total assets ($M) among Nec. Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Nec, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Nec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 80.3295605717794% vs 2022
2024 filing year
$3M$4M$5M$6M$7M$8M 202220232024 $4.01M $7.23M ▲ +80.3%
Year Plans Participants Total Assets
2022 1 13 $4M
2023 1 14 $5M
2024 1 14 $7M

Nec, Inc. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income$862K
Employer EIN420938336
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Iowa

Peer ESOP plans, same state, same plan type, ranked by total assets.

Nec. Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. -500050010001500 -20002004006008001000 Total assets ($M) Participants Nec. Inc. Employee Stock Ownership Plan, Total assets ($M): 4.79635 · Participants: 14Nec. Inc. Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
Nec. Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Nec. Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Nec. Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Moscow Bancshares, Inc. Employee Stock Ownership Plan in TN ($5M); by covered participants it is Eureka Homestead ESOP in LA (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Nec. Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Nec. Inc. Employee Stock Ownership Plan grew sharply - up 19.6% during 2023, from $4M to $5M. Reported net income was $862K.
How have Nec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nec, Inc.'s sponsor-wide assets grew 80.3%, from $4M to $7M.
Which ESOP plans are similar in size to Nec. Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Moscow Bancshares, Inc. Employee Stock Ownership Plan in TN ($5M, 168 participants).
Which ESOP plans cover a similar participant headcount to Nec. Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Eureka Homestead ESOP in LA (14 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 420938336.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.